6.9 Tuesday evening: oscillation sentiment continues to intensify—stay involved in short-term trades

After the market saw a spike early yesterday morning, it has initially moved into a choppy consolidation/adjustment phase that has continued into today. Short-term rallies have been accompanied by pullbacks, and with a slow pace there hasn’t been much that stands out. Instead, Wukong has locked in the initiative in advance and has not unilaterally chased any single direction.

The current short-term pressure remains around the 640 area. Short-term support is in the 623–620 range, and on multiple occasions at the smaller timeframes price has probed down into the support area—only to stop there—suggesting there is some support below.

Tonight, first watch for a rebound: any long position taken below 625 is acceptable. Target the 635–640 area on the upside. Once it reaches the resistance zone, flip back immediately 🈳.